Zim increases overall volumes in 2018
By Eva Matthews on 23 April 2018
Dramatic increases on the Asia-North America trade contribute to Zim's improved container volumes in 2018.
   Israeli container carrier Zim announced last month that it returned to profitability in 2017 with a net profit of $11 million. This comes after a disappointing 2016, when the carrier experienced a net loss of $163 million.
   After a slew of mergers and acquisitions, along with the restructuring of alliances last year, Zim remains one of the few large container carriers operating on the major east-west trades outside of vessel sharing agreements. Despite its lone status, Zim has not only improved its profit margins, but has significantly increased its container volumes in the last year. 
   According to BlueWater Reporting's Carrier/Trade Route Splits Report, Zim's overall estimated weekly allocated capacity has increased by about 22 percent since April of 2017, from 75,114 to 91,631 TEUs. The chart above displays Zim's top 10 container trades in the April reporting periods of 2017 and 2018.
   Zim's top two trades in both 2017 and 2018 are the east and westbound trades between Asia and North America, both of which increased significantly in estimated weekly allocated TEUs since last year. Capacity from Asia to North America shot up by a staggering 92.2 percent since last year, from an estimated allocated 8,444 TEUs to 16,229 TEUs per week. Almost as impressive was the rise in capacity on the return to Asia from 9,520 TEUs in 2017 to 17,476 in 2018, a 83.6-percent increase. 
   Westbound and eastbound Asia-Mediterranean trades are currently tied for third place, a slot occupied by Asia to the Indian Subcontinent last year. Asia-Mediterranean capacity, while less dramatic than North America, has seen an increase of 21.8 percent since last year from 3,748 to 4,564 TEUs. re
   Capacity on the Mediterranean-North America trade has remained the same in both directions, with an estimated allocated 4,256 TEUs per week each way. 
   Zim saw capacity decreases on its ninth and 10th largest trades this year. Asia to Indian Subcontinent capacity decreased by 34.6 percent, and Central Asia to Southeast Asia decreased by 21.2 percent.